https://www.taxtmi.com/forum/issue?id=121035 Failure to deduct or timely deposit tax deducted at source can result in both expenditure disallowance and separate withholding-default consequences. Thirty percent of the related expenditure may be disallowed, with deduction generally available when the tax is later deducted and deposited. The payer may also be treated as an assessee in default, with interest, penalty, and possible prosecution consequences. Relief from the principal tax demand may apply if the payee has returned the income, paid due tax, and the prescribed accountant's certificate is obtained. en-us Tue, 21 Jul 2026 11:59:24 +0530 Sat, 25 Jul 2026 11:48:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=121035 Failure to deduct or timely deposit tax deducted at source can result in both expenditure disallowance and separate withholding-default consequences. Thirty percent of the related expenditure may be disallowed, with deduction generally available when the tax is later deducted and deposited. The payer may also be treated as an assessee in default, with interest, penalty, and possible prosecution consequences. Relief from the principal tax demand may apply if the payee has returned the income, paid due tax, and the prescribed accountant's certificate is obtained. Discussion-Forum Income Tax Tue, 21 Jul 2026 11:59:24 +0530 https://www.taxtmi.com/forum/issue?id=121035